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Sheridan Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2022. All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere. $34,200 28,500 Beginning cash balance Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: 4,560 1st quarter 159.600 2nd quarter 159.600 7.980 Interest from investments (2nd quarter) Overhead costs: 1st quarter 87.780 1st quarter 87,780 114,000 2nd quarter W Selling and administrative costs, including $2,280 depreciation: 1st quarter 57.000 2nd quarter 79,800 Purchase of equipment (2nd quarter) 57.000 Sale of equipment (1st quarter) 13.680 Collections from clients: 1st quarter 267.900 2nd quarter 433.200 Interest payments (2nd quarter) 228 Prepare a cash budget for each of the first two quarters of 2022. SHERIDAN DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2022 1st Quarter 2nd Quarte Beginning Cash Balance $ $ Add Receipts Collections from Clients Sale of Equipment C Investment Interest > Total Receiots Investment interest Total Receipts